T3 House 66 m² for sale Marseille 13011 - €188,000

The listed price of the house is €188,000 for an area of 66 m², which gives a price per m² of approximately €2,848/m² (calculated from the listed price and declared characteristics). In comparison, the median price per m² in the 11th arrondissement of Marseille is approximately €3,200/m² according to DVF (Données de Valeur Foncière) data from 2022. This price is therefore 11% lower than the market median, which may represent an opportunity for buyers. Over the last 12 months, prices in the area have seen a slight increase of 2%, indicating market stability.

This house is located in the La Valbarelle area, a quiet and family-friendly residential neighborhood. The features of the property, such as the 372 m² land and parking spaces, are assets in this area. However, the need for renovation could be a drawback for some buyers. It is important to note that the potential for value enhancement after renovations could attract investors or families looking to personalize their home.

For a purchase price of €188,000, notary fees are estimated between 7% and 8% for an old property, or approximately €13,160 to €15,040 (estimate based on current professional rates). The total acquisition cost would therefore be between €201,160 and €203,040.

Regarding financing, with a down payment of 10% (€18,800), the amount to borrow would be €169,200. At an average interest rate of 3.4% over 20 years, the monthly payments would be approximately €970 (calculated from the listed price and declared characteristics).

Annual holding costs include property tax, estimated at approximately €1,200 (estimate based on sector averages), as well as condominium fees, which could be around €600 per year. The total holding cost would therefore be approximately €1,800 per year.

The Energy Performance Diagnosis (DPE) is not specified in the provided data. However, for a house built in 1926, it is likely to have a DPE class between E and F, which could lead to high annual energy costs, estimated between €1,500 and €2,000 (estimate based on average public data from the sector).

Under the Climate and Resilience law, homes classified F or G will no longer be able to be rented starting in 2025. It is therefore crucial to consider energy renovation work to improve the property's performance.

Renovation costs to improve the DPE class of a house can vary significantly. To move from class F to class D, the work may cost between €15,000 and €30,000 (indicative range based on current professional rates). Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized to reduce these costs.

The house is located in the 11th arrondissement of Marseille, close to several bus lines and about 15 minutes by car from the city center. Local shops are within walking distance, and several schools are located within 1 km, which is an asset for families. The neighborhood is known for its tranquility and green spaces, promoting a pleasant living environment.

The 11th arrondissement of Marseille is characterized by a predominantly family population, with a median income of approximately €2,200 per month. The neighborhood is considered safe, with a low crime rate compared to other areas of Marseille. Green spaces, such as the Moline park, contribute to the quality of life of residents.

The La Valbarelle neighborhood is classified in a low seismicity zone, which reduces risks related to earthquakes. However, it is important to check for potential flood risks, particularly due to the proximity of certain watercourses. Geotechnical diagnostics may be necessary to assess the stability of the land.

It is essential to check the Local Urban Planning Plan (PLU) to understand the possibilities for renovating and extending the house. Easements may also exist, limiting property rights. Buyers must ensure that all necessary permits are in order before undertaking any work.